Eve Valuation, Funding & Investors

Eve is valued at $1B as of September 2025.

See full Eve profile

Last Eve valuation

$1B

Series B · Sep 2025

Last Eve funding round

$103M

Series B · Sep 2025

Cumulative funding Eve raised

$164M

across 3 funding rounds

Key investors in Eve

  • Lightspeed Venture Partners
  • Menlo Ventures
  • Andreessen Horowitz
  • Spark Capital

Eve Overview

About Eve

Eve is a San Francisco-headquartered legal AI platform for law firms. Launched in 2023, it automates case intake, document review, drafting, and e-discovery using GPT models fine-tuned on legal corpora. Eve processes 1 million+ pages monthly for mid-sized practices handling personal injury and employment cases. Compatible with Clio and PracticePanther, it operates in all US states.


Founded

2020

HQ

United StatesSan Francisco, CA

Website

eve.legal

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Sep 2025)

Eve Valuation

Eve is currently valued at $1B, based on its Series B in September 2025.

The $103M round was led by Spark Capital, with participation from Menlo Ventures, Andreessen Horowitz and Lightspeed Venture Partners.

Eve valuation by funding round

Eve valuation by funding round
DateStageValuation
Sep 2025Series B$1B

Eve Funding History

Eve has raised a total of $164M across 3 funding rounds.

Eve's first fundraising round was a $14M seed round in October 2023. The most recent completed round was a $103M Series B in September 2025.

Eve funding rounds

Eve funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2025Series BSpark Capital (lead); Menlo Ventures; Andreessen Horowitz; Lightspeed Venture Partners$103M$1BEve is an AI-native legal platform based in San Francisco serving plaintiff law firms with AI-powered workflows designed to relieve case backlogs and workload pressures. The company provides tools for intake triage, predictive settlement analytics, document review automation, and workflow orchestration integrated with legal practice management systems like Clio and Filevine. Eve raised $103 million in Series B funding on September 30, 2025, at a valuation exceeding $1 billion, achieving unicorn status. The round was led by Spark Capital and included participation from existing investors Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures. This Series B followed a $47 million Series A in January 2025 and a $14 million seed round in October 2023, bringing total capital raised to approximately $164 million. Since its Series A, Eve experienced rapid expansion, adding over 350 new law firm customers within eight months to reach a total customer base exceeding 450 firms including Mike Morse Law Firm, Barrett & Farahany, and Disparti Law Group. The company processes more than 200,000 legal cases annually and has facilitated over $3.5 billion in collective settlements and judgments for its customers. Users report 2–3x efficiency gains, enabling firms to scale operations without proportional increases in headcount. Eve's growth represents one of the fastest trajectories in legal tech, reflecting strong market demand for AI-driven solutions in plaintiff law.
Jan 2025Series AAndreessen Horowitz (lead); Menlo Ventures; Lightspeed Venture Partners$47M-Eve is an AI platform transforming plaintiff law firms by enabling AI-native operations to deliver justice more efficiently. It raised a $47 million Series A round in January 2025 led by Andreessen Horowitz, with participation from Lightspeed Venture Partners and Menlo Ventures. Following this, Eve achieved rapid growth, adding over 350 new firms as customers in eight months to reach a total of over 450 top firms, processing more than 200,000 legal cases annually and aiding in recovering over $3.5 billion in settlements and judgments. In September 2025, Eve raised a $103 million Series B round led by Spark Capital at a $1 billion post-money valuation, with continued participation from Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures. This brought total funding to $164 million across rounds, including a prior $14 million seed in October 2023 led by Lightspeed and Menlo Ventures. Eve has positioned itself as one of the fastest-growing legal tech companies, focusing on AI tools for case processing and firm operations. The company's traction is evidenced by its expanding customer base and case volume post-Series A.
Oct 2023SeedLightspeed Venture Partners (lead); Menlo Ventures (lead)$14M-Eve is a San Francisco-based legal AI platform designed for plaintiff law firms, offering tools to evaluate cases, draft documents, generate medical chronologies, manage discovery, and scale operations from intake to resolution. The company secured a $14 million seed round in October 2023 led by Lightspeed Venture Partners, with participation from Menlo Ventures. Lightspeed's focus on B2B SaaS aligns with Eve’s subscription model, while Menlo brings enterprise AI expertise. This seed funding validated Eve's early traction in the legal AI space, positioning it among top-funded players. Subsequent rounds included a $47 million Series A in January 2025 led by Andreessen Horowitz with Lightspeed and Menlo Ventures, and a $103 million Series B on September 30, 2025 led by Spark Capital, achieving over $1 billion valuation and unicorn status, with total funding reaching $164 million. By Series B, Eve served over 450 firms, added 350 new customers in eight months, and processed over 200,000 cases annually, aiding $3.5 billion in settlements.

Who has invested in Eve?

4 investors have backed Eve across its funding rounds, including Lightspeed Venture Partners, Menlo Ventures, Andreessen Horowitz and Spark Capital.

Lead investors include Spark Capital, Andreessen Horowitz, Lightspeed Venture Partners and Menlo Ventures.


Eve Investors

Investors in Eve by funding rounds participated
InvestorHQRoundsRoleFirst check
Menlo VenturesUnited StatesSan Francisco, CA3LeadOct 2023
Lightspeed Venture PartnersUnited StatesSan Francisco, CA3LeadOct 2023

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Eve Competitors

Eve competitors include listed companies like Appier Group and Rackspace, and private ones like Hebbia, Lawhive, General Counsel AI and AA-I Technologies.

Public and private companies comparable to Eve
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HebbiaUnited StatesNew York City, NYPrivate$13M-$700M53.8x
LawhiveUnited KingdomLondonPrivate$35M-$685M19.6x
General Counsel AIUnited StatesSan Francisco, CAPrivate$10M-$555M55.5x
AA-I TechnologiesIsraelIsraelPrivate--$1B-
Appier GroupJapanJapanPublicly listed$281M$44M$1B2.9x
RackspaceUnited StatesUnited StatesPublicly listed$2.7B$244M$997M1.6x

Eve Public Comps

Eve is still privately-owned, but its public comps include Appier Group, Rackspace, LegalZoom, Rezolve AI, Beijing CTJ Info Tech, Bengo4.com, Fractal Analytics, Reconova Technologies, PKSHA Technology and IPH.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
LegalZoom$756M$74M1.2x1.1x12.1x4.8x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
Bengo4.com$105M$19M7.7x6.9x43.8x33.0x
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
Reconova Technologies$66M($8M)10.0x-(82.0x)-

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Common questions about Eve

When was Eve founded?Eve was founded in 2020.
Where is Eve headquartered?Eve is headquartered in San Francisco, CA, United States.
Is Eve publicly listed?No, Eve is a private, VC-backed company.
What is Eve's valuation?Eve was last valued at $1B in its Series B in September 2025.
How much funding has Eve raised?Eve has raised $164M across 3 funding rounds.
What was Eve's last funding round?Eve's last funding round was a $103M Series B in September 2025, led by Spark Capital.
Who are Eve's investors?Eve's investors include Menlo Ventures, Lightspeed Venture Partners, Andreessen Horowitz and Spark Capital.
Which companies are comparable to Eve?Companies comparable to Eve include Hebbia, Lawhive, General Counsel AI, AA-I Technologies, Appier Group and Rackspace.

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